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China imposes tougher flight restrictions; New Year holiday bookings reach peak | Daily Brief
12/19/2020|12:40:33 AM|
Disney's chairman Robert Iger wants to be US ambassador to China; Chinese carriers' streak ends as recovery slows.
CTS Group invests in resorts; China urges reduced travel during holiday | Daily Brief
12/25/2020|10:25:28 PM|
Beijing avoids draconian COVID restrictions ahead of festival; Trip.com Group appoints executive president of market.
CTS Group buys 34% stake in "micro vacation" resorts New Century Senbo for $23 million
12/25/2020|4:50:27 PM|
New Century Senbo offers short-distance vacations near cities to the Chinese middle-class consumers.
Hotel service robot supplier Yunji Technology secures $77 million in 10 months
01/19/2021|6:15:11 PM|
The Beijing-headquartered company is now serving more than 5,000 hotel clients and has been adding over 1,000 clients every month.
Trip.com Group reports first profit post-pandemic in Q3
12/02/2020|7:27:15 AM|
China domestic hotel reservations achieved positive growth, with mid-to-high end domestic hotel reservations reaching double digit year-over-year growth exiting the third quarter of 2020.
Travel group LN Holdings acquires two tour operators to expand destination network
12/23/2020|11:50:54 PM|
Last month, Guangzhilv announced that it will acquire Shanghai Shenshen International Travel Service to set up its eastern destination-service system.
Upscale hotel group New Century invests in business hotel Hanyue
12/23/2020|11:14:27 PM|
Other than the capital investment, the two companies vowed to strengthen their cooperation in product, technology, membership, central reservation and platform construction.
OTA hotel chain makes investment; Homestay giant's spinoff firm secures funding | Daily Brief
12/05/2020|1:39:24 PM|
China's hotel titans put Marriott and Hilton to shame; Huazhu posts better-than-expected revenue growth in Q3.
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